Variable Rate Home Loan - BMC - Challenger Variable

Comparison Rate	5.93%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,186.27
Total Amount Paid Est.	$427,620
Establishment Fee	$660.00

5.90%

Target Market
Purchase or Refinance of Residential Owner Occupied or Investment properites.

Acceptable Income
Applicants with defaults considered. If self employment 2 years of financials and Tax Assessment required, approvals subject to PMI & Genworth criteria (Average Affordability Ratio used being 1.00:1.00).

Home Loan Loan Term
Approximately 30 years.

Home Loan Loan Size
Minimum: $50,000 ,
Maximum: $1,000,000

Home Loan Repayment Type
Variable or Fixed. ,
Variable Principal & Interest. ,
Variable Interest Only for first 10 years, then variable Principal & Interest for the remainder of the term. ,
Add 0.25% to rate for Construction - Fixed rates not available during Construction.

Repayment Options
Weekly, Fortnightly or Monthly - Variable. ,
Monthly - Fixed.

Extra Repayments
Variable loan principal reductions are allowed at any time. ,
If the loan is discharged within 5 years of settlement, an early discharge fee will apply. This fee is the equivalent to one monthly repayment, assuming the loan is fully drawn. ,
Fixed rates - up to $10,000 can be repaid early in any 12 month period without the imposition of break costs. The borrower will be required to compensate the lender by paying any break costs that may occur.

Split Loan Facility
Can be split into maximum of 4 loan accounts. ,
Not available during the construction period.

Offset
Any additional payments off set 100% against the outstanding balance and can be redrawn as required

Redraw Facility
Redraw facility is standard on this product, with the exception of fixed rates. ,
There is no differential pricing if the borrower selects redraw. ,
Redraw is available on owner occupied and investment loans. ,
Borrowers can redraw any additional principal repayments made above the minimum monthly payment. ,
The minimum redraw amount is $2,500. ,
Unlimited access to loan via telephone or internet. ,
No fees apply for redraw.

LVR for Variable Rate Home Loan - BMC - Challenger Variable

Owner Occupied/Purchase of existing properties - Max 90% ,
Investment - Max 90% ,
Construction - Max 90% ,
Refinance loans - Max 90% ,
Vacant Land - Max 90% ,
Debt Consolidation - Max 90% ,
,
90% up to $750,000 ,
90% up to $1,000,000

Fees for Variable Rate Home Loan - BMC - Challenger Variable

Owner Occupied & Investment Acceptance Fee $660. This fee includes the valuation and base legal fee. ,
If there is more than one property to be valued a fee of $250 per additional property will be payable. Please note that if the property value exceeds $300,000; a quote should be obtained for the valuation cost. ,
Legal disbursements will be additional and will be deducted at settlement. ,
Additional legal costs will apply as follows: ,
Additional Security Property - $250 per property ,
Guarantee - $100 per guarantee ,
Companies/Trusts - $100 ,
Discharge Prior to Maturity. ,
Fixed rates break costs will apply.